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Volume Scan

Written by Administrator Tuesday, 01 August 2006 10:00
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The Volume scan identifies securities that have volume levels above or below a specified value. When two Volume scans are used together (one searching for values above a volume level and one below a volume level) you can look for securities that fall between a specific volume range.

Properties

This scan would search for a securities Volume level that is Greater than 100000. The scan would use the closing prices based on Daily bars.

Volume

Select the volume of the securities to search for. Selecting 100,000 would look for securities with a volume level (during the specified Date Range) above or below 100,000.

Direction

  • Greater Than
    Select this option to scan for securities that are equal to or greater than (=>) the specified Volume value.
  • Less Than
    Select this option to scan for securities that are equal to or less than (=<) the specified Volume value.

Period Type

This setting sets the period type to use when selecting the close price for the Volume scan. For example, by selecting Daily, the Volume Scan will be calculated off the close price of a day bar period (a daily chart), if it was set to Weekly, it would be calculated off the close price of a Weekly bar period (a weekly chart). You can select from the following options.

  • Daily
  • Weekly
  • Monthly
  • Yearly
Last modified on Thursday, 29 April 2010 16:11
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